Tableau Software Earnings: Here’s Why Investors are Excited Now
Tableau Software (NYSE:DATA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Shares are up 14%.
Tableau Software Earnings Cheat Sheet
Revenue: Rose 2287.56% to $49.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tableau Software reported adjusted EPS income of $0.01 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $42.37 million.
Quoting Management: “We are pleased with our performance in the second quarter,” said Christian Chabot, CEO and President. “We grew total revenues 71 percent from the prior year second quarter, and we added over 1,500 new customer accounts. Our business continues to experience strong momentum, as customers use Tableau’s software to turn data into revealing insights and stories.”
Key Stats (on next page)…
Revenue increased 24.69% from $40.02 million in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from $0 to a loss $0.17. For the current year, the average estimate is $0, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)